Yearly interest installment
Yearly interest installment = 2,000,000 x 7% = $140,000 Present estimation of principal to be gotten at the maturity = Par estimation of bonds x Present worth factor (r%, n) = 2,000,000 x Present worth factor (8%, 10) = 2,000,000 x 0.46319 = $926,380 Present estimation important to be gotten occasionally over the term of the […]